(MENAFN) Nippon Steel & Sumitomo Metal and ArcelorMittal, the world's two biggest steelmakers, plan to make a USD2 billion agreement to purchase a US steel plant from the German ThyssenKrupp, according to Oman Observer.
Nikkei economic daily reported that Nippon Steel and ArcelorMittal have negotiated with ThyssenKrupp in a USD1.97 billion deal.
The first two parties plan to double their combined output capacity in the United States after making a joint bid for the Alabama plant.
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